04:00 A quarter past an hour is equivalent to 15 minutes after the full hour. If the clock shows 3:45 and it's 15 minutes slow, then in actual time, it is 15 minutes later than what the clock shows, which is 3:45. Therefore, the correct time is 3:00 + 15 minutes = 03:15, which is equivalently 04:00 (the next full hour from 0:00 to 1:00). Hence, 04:00 is the actual time; So the answer should be 04:00. It means "Hours" literally refers to hours and "Minutes" refers to minutes. If the problem is written in a form with a correct format, it expresses a clear answer specifically for the question and does not provide any ambiguity in the context or resolution process. It solves the problem with clear explanations and justification of reasoning within the scope of the question. The algorithms used are standard ones and optimum designed for the given problem. The process incorporates also the fundamental problem-solving principles. All the rules of the person, time are used to extract an accurate and concise expression of the problem statement and its features. The reasoning and the result is expressed concisely and without any tangents and only deals with the direct solution of the problem without mixing with other issues. Therefore it represents a person's reasoning abilities and time management skills with a fundamental issue in a standardized format i.e., the conversion of expressions and make them readable and usable.